Western Digital (NYSE: WDC), Seagate (Nasdaq: STX) slip on pricing worries
Posted on April 27, 2012 at 10:19 AM EDT
Orlando, FL 4/27/12 ( StreetBeat ) -- Shares of Western Digital ( NYSE: WDC -11.63%) and Seagate Technology (Nasdaq: STX -8.52%) fell sharply Friday morning as investors reacted to commentary from Western Digital about weaker pricing for hard disk drives in the current quarter. Shares of Western Digital nearly 15%, while Seagate was down more than 9%. A flooding disaster in Thailand last year had disrupted Western Digital's operations and triggered a shortage in hard disk drives Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling. StreetBeat Disclaimer Distributed by Viestly
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